⚽Collaborative Fund Takes Stake in D.C. United and Audi Field
VCs are now buying sports teams
TL;DR
Collaborative Fund, a New York-based VC firm, is investing in D.C. United and its stadium, Audi Field. This follows Thrive Capital's similar move, indicating a new trend in venture capital.
Collaborative Fund, a 15-year-old New York-based VC firm with $1 billion under management, is taking a stake in D.C. United and its stadium, Audi Field. This move follows Thrive Capital's investment in the San Francisco Giants and the Lakers, showing a new trend in venture capital. The deal is subject to MLS approval and could pay off as team valuations soar. D.C. United's franchise value has climbed from $35 million in 2008 to $785 million today, with MLS's average club value up 134% since 2019.
Key Points
Collaborative Fund, a 15-year-old New York-based VC firm, has roughly $1 billion under management.
The firm has made early bets on Lyft, Reddit, Sweetgreen, and Olipop.
D.C. United's franchise value has climbed from $35 million in 2008 to $785 million today.
Thrive Capital bought the Lakers outright for a record $12.5 billion.
MLS's average club value is up roughly 134% since 2019.
Why It Matters
If you're a VC firm looking for long-term investments, sports teams like D.C. United and their stadiums offer a unique opportunity. The valuation of D.C. United's franchise has climbed from $35 million in 2008 to $785 million today, with MLS's average club value up 134% since 2019. This trend is reshaping the landscape of venture capital investments.
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